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Thread: Harry Reid: "We're going over the cliff"

  1. #51
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    Re: Harry Reid: "We're going over the cliff"

    Quote Originally Posted by justabubba View Post
    and here i believed that appropriations was the house's responsibility
    appears boner showed me
    It ultimately is, but if the President and Senate are not agreeable to anything, making one of them put up a compromise proposal before we go over the cliff is the right thing to do IMO. We are going over either way. At this point it is just politics.

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    Re: Harry Reid: "We're going over the cliff"

    Quote Originally Posted by iguanaman View Post
    What you ignore is our high unemployment and the fact that our population grows every year and our money is worth less. Spending will always increase because of those factors. We have spent 10 Trillion on defense since 2000 and the budget keeps going up every year.
    And you didn't read the post I replied to. We were talking about the fact that if you eliminate the increased spending from the wars and factor in inflation, the spending is still way up.
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    Re: Harry Reid: "We're going over the cliff"

    Quote Originally Posted by ksu_aviator View Post
    Well, they've done it by skirting the Constitution. They've been using spending resolutions to bypass the rules for budgeting. In essence, they haven't passed a budget in 4 years (Obama has proposed budgets, but they got a total of 1 vote in four years) and have just passed small spending resolutions that don't have the same debate and voting requirements.
    You mean they've been working around a broken government that can't even agree on simple matters that in the past were considered automatic.
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    Re: Harry Reid: "We're going over the cliff"

    Quote Originally Posted by iguanaman View Post
    What you ignore is our high unemployment and the fact that our
    population grows every year and our money is worth less. Spending will always increase because of those factors. We have spent 10 Trillion on defense since 2000 and the budget keeps going up every year.

    Cut defense spending and you cut thousands of jobs.

    If money is worth less then your central Bank should take steps to control that but thats not happening.
    We're actually flirting with deflation, which is much worse.

    Those concerned with high unemployment should have thought about it before re-electing Obama.
    Last edited by Fenton; 12-27-12 at 05:09 PM.

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    Re: Harry Reid: "We're going over the cliff"

    Quote Originally Posted by Fenton View Post
    Cut defense spending and you cut thousands of jobs.

    If money is worth less then your central Fed should take steps to control that but thats not happening.
    We're actually flirting with deflation, which is much worse.

    Those concerned with high unemployment should have thought about it before re-electing Obama.
    There isn't much spending you can cut that won't cost jobs. And we can be certain that when spending is cut, many will point to unemployment and blame each other, some not even making the connection between the cuts and loss of jobs.

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    Re: Harry Reid: "We're going over the cliff"

    Quote Originally Posted by Rainman05 View Post
    Actually. Everybody will be to blame. But only the people will suffer.

    Harry Reid just wants to avoid taking on more responsibility. He successfully managed, for 3 years, to not pass ANY budget and effectively, not doing ANYTHING while still receiving a fat paycheck and lobby interest group money, and now he wants people to believe the it's the other guys' fault alone. And guess what, some may even believe him.
    Per the Constitution, budgets can only begin in the House. As far as anything to relieve the tax burden that will hit us in January, that one's already been sent over by the Senate, and has been sitting on Boehner's desk for a couple of months, but he is afraid to bring it to the floor, due to his fear that it will go down, like plan B did, and he will end up looking like a jackass who is about to lose his Speakership.
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    Re: Harry Reid: "We're going over the cliff"

    Quote Originally Posted by Boo Radley View Post
    There isn't much spending you can cut that won't cost
    jobs. And we can be certain that when spending is cut, many will point to unemployment and blame each other, some not even making the connection between the cuts and loss of jobs.

    Right now with our current adminstration you're probably correct but IF you dont address it then what happens when interest rates jump up on Treasuries because of a drop in our credit rating ?

    6 points on 1 year bonds equals an extra trillion in defecit spending per year, on top of what we currently pay.

    That happens and it will be the first dominoe of many and this discussion will be a moot point.

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    Re: Harry Reid: "We're going over the cliff"

    Quote Originally Posted by iguanaman View Post
    It was the Republicans and GW Bush that added a $trillion to the budget, taking it from 2 to 3 trilion in 8 years. Obama has had the lowest growth in spending in a generation.

    Your dishonesty knows no bounds

    TARP was passed under a Democrat controlled Congress. TARP was supposed to be a ONE TIME expenditure. Not only that, but Obama was given HALF OF TARP funds t spend, which he promptly did. During that same fiscal year the Democrats under Obama's presidency also passed the Omnibus Spending bill as well. President Obama has been illegally spending at TARP levels of expenditures going on the 5th year. He is able to do this because Harry Reid will not pass a budget, and President Obama will not offer a responsible budget. His own party has repeatedly voted against his proposed "budgets"

    You better come prepared with actual facts next time comrade. NEXT

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    Re: Harry Reid: "We're going over the cliff"

    Quote Originally Posted by iliveonramen View Post
    You mean they've been working around a broken government that can't even agree on simple matters that in the past were considered automatic.
    No, I mean they've gone so far left, even their own party won't vote for the President's budget.
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    Re: Harry Reid: "We're going over the cliff"

    Quote Originally Posted by Fenton View Post
    Right now with our current adminstration you're probably correct but IF you dont address it then what happens when interest rates jump up on Treasuries because of a drop in our credit rating ?

    6 points on 1 year bonds equals an extra trillion in defecit spending per year, on top of what we currently pay.

    That happens and it will be the first dominoe of many and this discussion will be a moot point.
    It doesn't matter who the president is. Cut spending and people lose jobs. Now, maybe that is the lessor of two evils, buts let's not pretend there is a course with no consequences, or blame whoever is president for the realities of the world we live in.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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